Hyperion Capital Advisors LP Sells 29,537 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Hyperion Capital Advisors LP lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 72.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,988 shares of the semiconductor company's stock after selling 29,537 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 1.1% of Hyperion Capital Advisors LP's holdings, making the stock its 18th largest position. Hyperion Capital Advisors LP's holdings in Taiwan Semiconductor Manufacturing were worth $2,170,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TSM. ST Germain D J Co. Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.7% in the fourth quarter. ST Germain D J Co. Inc. now owns 9,339 shares of the semiconductor company's stock valued at $1,844,000 after acquiring an additional 61 shares during the period. Paragon Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 7.3% during the fourth quarter. Paragon Advisors LLC now owns 43,777 shares of the semiconductor company's stock worth $8,646,000 after buying an additional 2,996 shares in the last quarter. Aprio Wealth Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 20.1% during the fourth quarter. Aprio Wealth Management LLC now owns 10,570 shares of the semiconductor company's stock valued at $2,087,000 after acquiring an additional 1,772 shares during the period. Matrix Trust Co bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $170,000. Finally, Headwater Capital Co Ltd bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth $49,372,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TSM shares. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Barclays reaffirmed a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $212.00.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded up $4.73 during trading hours on Tuesday, hitting $191.71. The company's stock had a trading volume of 4,529,522 shares, compared to its average volume of 15,853,899. The company has a market capitalization of $994.29 billion, a P/E ratio of 27.13, a PEG ratio of 0.66 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock has a fifty day simple moving average of $165.78 and a 200-day simple moving average of $187.38. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $133.57 and a twelve month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.43%. Taiwan Semiconductor Manufacturing's payout ratio is presently 27.76%.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.